Supplier Management Risk Toolkit

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Establish Supplier Management Risk: secure network system by establishing and enforcing policies; defining and monitoring access.

More Uses of the Supplier Management Risk Toolkit:

  • Do category and supplier research to understand the market as part of sourcing initiatives.

  • Supplier Performance Management supplier Performance Monitoring, root cause investigation, Issue Management, Risk Assessment and mitigation.

  • Execute Cost Reduction initiatives via Strategic Sourcing, supplier concentration, local agreements, new supplier development, forward buy, and freight reduction.

  • Manage work with Supplier Quality engineers and Reverse Logistics groups to refine and improve corporate quality and reliability metrics.

  • Perform on site supplier visits for Root Cause Analysis and verification of correction actions of Supplier Quality issues.

  • Ensure you lead Supplier Quality initiatives, and develop activities to fix or exit problematic suppliers by implementing robust Corrective Actions or qualifying alternate suppliers.

  • Arrange that your organization prepares detailed plans and performs work measurement, methods and procedures, manpower requirements, benchmarking, Operational auditing, time and motion studies, historical review, supplier capability, product and Service Quality.

  • Negotiate long term contracts for supplier pricing, service and supply assurance agreement to support organization Strategic Planning and cost goals for all new programs.

  • Support development and implementation of the sourcing strategies to achieve lowest total cost, improve Working Capital, achieve On Time Delivery, improve Cycle Time, and ensure early supplier involvement in Product Development.

  • Develop, review, and update inventory standards, ordering rules, vendor information and lead times to most efficiently order and manage inventory and measure supplier performance.

  • Lead process audits at the supplier when new purchased product is being produced, record action items and ensure timely follow up.

  • Steer Supplier Management Risk: partner with supplier Risk Management team to ensure timely and accurate delivery of materials.

  • Make sure that your organization acts as the internal point of contact for Supplier Management and complaint resolution; conducts regular supplier meetings and implements improvement strategies with suppliers.

  • Develop supplier relationships while continuing to support the KPIs of Cost Savings, cost containment, Supplier Quality, Inventory Management, and on time deliveries of raw materials and supplies.

  • Make sure that your operation oversees the development of strategies and processes to achieve annual Cost Savings, Working Capital improvement, budget performance, and supplier Performance Targets.

  • Ensure you increase; lead and or facilitate supplier relationShip Management initiatives in respect to quality, service, and innovation.

  • Manage and provide oversight for vendor and supplier selection to ensure scaling, supportable solutions for IT infrastructure.

  • Supplier Management and continuous evaluation / assessment of supplier performance, ensuring consistency of service, quality, and compliance to contracts and established Service Level Agreements.

  • Oversee Supplier Quality resources for new engine product introduction and current products to reduce supplier related issues and improve manufacturing production process capabilities.

  • Enhance supplier development by communicating Performance Standards, developing joint improvement initiatives and actively soliciting formal feedback.

  • Orchestrate Supplier Management Risk: track all purchase orders through reports, work matched exceptions, open commitments, receiving discrepancies, returns, supplier discrepancies, and problem reports/supplier Corrective Action responses.

  • Be certain that your operation assess engine components and tools, Supplier Quality systems, supplier selection, and Strategic Sourcing process development with the objective of overall Quality Improvement and resolution of Supplier Quality issues.

  • Systematize Supplier Management Risk: work closely with the staff Manufacturing Engineering, field quality, and Supplier Quality teams to drive root cause identification activities in order to improve Product Quality through Data Analysis, Corrective Action, and preventive measures.

  • Ensure you participate; lead in accordance with the Group Procurement Operating model, Group Policies And Standards, the SBU Procurement Activities from category strategy development to contract, implementation and Supplier Management.

  • Provide regular intelligence to stakeholders regarding your organizations evolving spend profile, savings results, supplier diversity progress and Risk Mitigation activities.

  • Ensure you instruct; lead strategic supplier selection (on boarding), consolidation, Risk Management, and removal.

  • Recover supplier added costs, as; defects, warranty and other damages.

  • Formulate Supplier Management Risk: monitor the risk and control environment to ensure that exposures are kept at acceptable levels through issue monitoring administration and exception tracking and the oversight of remediation actions to improve overall supplier performance.

  • Support selection of suppliers, execution and negotiation of agreements, and provide oversight of supplier work to ensure tasks are performed to scope and budget.

  • Arrange that your group compares supplier bills with bids and purchase orders in order to verify accuracy.

  • Confirm your project supports anti malware, anti spam, and security Information Management systems by updating, testing, implementing and validating software; determines root causes and ensures Issue Resolutions.

  • Be accountable for establishing Risk Management plans, facilitation of identification of risks (Project, program and Enterprise level), assessments, treatment strategies, Monitoring And Reporting.

  • Orchestrate Supplier Management Risk: work in a team setting with the purchasing group to negotiate rates for all Inbound And Outbound logistics contracts.

 

Save time, empower your teams and effectively upgrade your processes with access to this practical Supplier Management Risk Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any Supplier Management Risk related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Supplier Management Risk specific requirements:


STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Supplier Management Risk Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a Data Driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...


STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 999 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which Supplier Management Risk improvements can be made.

Examples; 10 of the 999 standard requirements:

  1. Is it clear when you think of the day ahead of you what activities and tasks you need to complete?

  2. What Supplier Management Risk events should you attend?

  3. How do you transition from the baseline to the target?

  4. Who, on the executive team or the board, has spoken to a customer recently?

  5. Political -is anyone trying to undermine this project?

  6. Which of the recognised risks out of all risks can be most likely transferred?

  7. Is there any other Supplier Management Risk solution?

  8. Do you identify any significant risks or exposures to Supplier Management Risk thirdparties (vendors, Service Providers, alliance partners etc) that concern you?

  9. What are the requirements for audit information?

  10. How do you engage the workforce, in addition to satisfying them?


Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Supplier Management Risk book in PDF containing 994 requirements, which criteria correspond to the criteria in...

Your Supplier Management Risk self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Supplier Management Risk Self-Assessment and Scorecard you will develop a clear picture of which Supplier Management Risk areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Supplier Management Risk Self-Assessment
    • Is secure: Ensures offline Data Protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:

 

STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Supplier Management Risk projects with the 62 implementation resources:

Examples; 10 of the check box criteria:

  1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?

  2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?

  3. Project Scope Statement: Will all Supplier Management Risk project issues be unconditionally tracked through the Issue Resolution process?

  4. Closing Process Group: Did the Supplier Management Risk Project Team have enough people to execute the Supplier Management Risk project plan?

  5. Source Selection Criteria: What are the guidelines regarding award without considerations?

  6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Supplier Management Risk project plan (variances)?

  7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?

  8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?

  9. Procurement Audit: Was a formal review of tenders received undertaken?

  10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?

 
Step-by-step and complete Supplier Management Risk Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:


2.0 Planning Process Group:


3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log


4.0 Monitoring and Controlling Process Group:

  • 4.1 Supplier Management Risk project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance


5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Supplier Management Risk project or Phase Close-Out
  • 5.4 Lessons Learned

 

Results

With this Three Step process you will have all the tools you need for any Supplier Management Risk project with this in-depth Supplier Management Risk Toolkit.

In using the Toolkit you will be better able to:

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Supplier Management Risk investments work better.

This Supplier Management Risk All-Inclusive Toolkit enables You to be that person.

 

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.